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Moody's downgrades US credit rating due to rising debt

Moody’s credit rating agency downgraded the credit rating of the United States government from Aaa to Aa1, citing the rising national debt as the primary driver behind the reduction in creditworthiness. According to the May 16 announcement from the rating agency, US lawmakers have failed to stem annual deficits or reduce spending over the years, […]

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High-speed oracles disrupting $50B finance data industry — Web3 Exec

Michael James, the head of institutional business development at Douro Labs — the company that developed the Pyth high-speed blockchain oracle network — told Cointelegraph that oracle networks like Pyth are disrupting the $50 billion financial data industry that provides critical price information to exchanges, brokerages, trading firms, and other institutional entities. In an interview […]

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Paraguay deports three undocumented immigrants after crypto mining theft attempt

Paraguayan law enforcement has deported three individuals and arrested another for attempting to steal crypto miners at a facility near the country’s Itaipu hydroelectric dam. According to a May 15 statement from Paraguayan prosecutor Irene Rolón, the men were caught by police soon after breaking into a locked section of Teratech SA’s facility in Coronel […]

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Bitcoin bull flag and standard profit taking hint at eventual rally to new BTC price highs

Key takeaways: Traders expect a Bitcoin price pullback to $90,000, but a bull flag could break out to new highs if profit taking near the range highs reduces. On-chain data suggests the current profit taking is too weak to extinguish Bitcoin’s current price momentum. Bitcoin (BTC) price has spent the bulk of the week pinned […]

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French crypto entrepreneurs to receive extra security amid recent kidnappings: Report

Crypto entrepreneurs and their families in France will receive enhanced security measures amid a recent rise in crypto-related kidnappings in the country, Politico reported. According to the May 16 report, the measures include priority access to police emergency lines, home security assessments, and safety briefings from French law enforcement to ensure best practices are being […]